Re: [bitcoin-dev] Bitcoin Core and hard forks

[Jean-Paul Kogelman <jeanpaulkogelman@me.com>]

There really isn't any need for a 3rd party here. Those "services" can just be the miners themselves.


jp

> On Jul 24, 2015, at 8:56 AM, Eric Lombrozo <elombrozo@gmail.com> wrote:
> 
> 
>> On Jul 23, 2015, at 5:45 PM, Jean-Paul Kogelman <jeanpaulkogelman@me.com> wrote:
>> 
>> Quality of service as in:
>> 
>>> X satoshi / kb = included in block currently worked on;
>> 
>>> Y satoshi / kb = included in next block;
>> 
>>> Z satoshi / kb = included in block after that, etc.
>> 
>> Block count starts when transaction is first seen. Miners can set X, Y, Z.
>> 
>> Market develops when miners start setting different values and adding more transactions to blocks as opposed to other miners with higher settings.
>> 
>> It basically comes down to the miners themselves if they want a healthy fee market. If they stick to their guns, their influence on the fees will be proportional to their hashing power.
>> 
>> jp
> 
> 
> The scheme I’ve been considering is the use of services (separate from miners) that guarantee inclusion for you for some predetermined price and then do the bidding on your behalf. Via contracts you can guarantee you get included within a certain number of blocks or you receive a full refund…or even possibly receive compensation for failure to deliver.